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GROUP CASH FLOW STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Profit before taxation $ 586 $ 246 $ 743
Net interest expense 74 56 55
Depreciation, amortisation and impairment 567 562 502
Loss on disposal of property, plant and equipment and software 14 34 16
Share-based payments expense (equity-settled) 41 26 32
Share of results of associates (9) (14) (1)
Gain on disposal of interest in associate (75) 0 0
Net movement in post-retirement benefit obligations   1 (4)
Increase in inventories (151) (45) (204)
(Increase)/decrease in trade and other receivables (81) 209 30
Increase/(decrease) in trade and other payables and provisions 82 (103) 201
Cash generated from operations 1,048 972 1,370
Interest received 6 2 4
Interest paid (80) (61) (56)
Income taxes (paid) (97)   (150)
Income taxes refunded   22  
Net cash inflow from operating activities 877 935 1,168
Cash flows from investing activities      
Acquisitions, net of cash acquired (285) (170) (869)
Capital expenditure (408) (443) (408)
Net (purchase)/proceeds from sale of investments (2) (2) 23
Distribution from associate 4 9 3
Net cash used in investing activities (691) (606) (1,251)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 2 2 2
Purchase of own shares   (16) (63)
Payment of capital element of lease liabilities (59) (55) (46)
Settlement of borrowings due within one year (267) (5) (125)
Proceeds from borrowings due after one year   1,950 1,290
Settlement of borrowings due after one year   (400) (740)
Proceeds from own shares 12 9 9
Settlement of currency swaps (4) 7 (2)
Equity dividends paid (329) (328) (318)
Net cash (used in)/from financing activities (645) 1,164 7
Net (decrease)/increase in cash and cash equivalents (459) 1,493 (76)
Cash and cash equivalents at beginning of year 1,751 257 333
Exchange adjustments (7) 1  
Cash and cash equivalents at end of year 1,285 1,751 257
Restructuring and rationalisation expenses 108 117 123
Acquisition-related costs 28 24 36
Legal and other costs (111) (75) 105
Bank overdrafts $ 5 $ 11 $ 20